URP - Batching GPU instanced objects with same material/mesh not working.

Unity Engine
,
1

I have 100 units (exact same prefab) on screen. The material is a URP Lit using a texture with GPU instancing enabled. Why is it not batching? Am I missing something?

I also noticed it requires 3-4 batches per model, why is this?

See screenshots for stats and info.

5274972--528402--11.jpg
5274972--528402--11.jpg505×534 36.5 KB

5266605--527061--batched.jpg
5266605--527061--batched.jpg1493×950 65.9 KB

5274972--528408--33.jpg
5274972--528408--33.jpg514×501 50.9 KB

2

I had this same issue